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Altyx Gestion de Patrimoine advises and supports you in the selection and implementation of international solutions adapted to your global wealth strategy.
When moving to the UK, it is important to review your financial situation in order to anticipate the remittance basis principle whereby a non-domiciled person is normally taxed on overseas income only if it is transferred to the UK. It is only after 15 years of residence in the UK that the person becomes domiciled in the UK on an income basis and is then taxed on their worldwide income.
Anticipated planning before departure will allow you to introduce flexibility into the organisation of your investments so that you can calmly deal with life’s unexpected events such as a longer stay in the UK than originally planned.
It is important to understand your investment strategy according to your tax residence in order to optimise your tax situation. When you change your residence to France or the UK, we first establish a diagnosis. Together we confirm your wealth objectives, your investment horizon and determine your risk profile in order to establish a personalised investment strategy and optimal asset allocation.
We offer investment solutions according to the size of your financial portfolio: advisory management or discretionary mandate, adapted to your wealth situation.
Our proposed solutions take into account: your current and possibly future tax environment, your other incomes to optimise the final return.
We work with your other advisers; solicitor, notary and chartered accountant, both French and English in order to establish a coherent overall plan unique to your family.
You have set up a UK Self Invested Pension Plan (SIPP), and you want to build on these funds to make the most of your retirement. You are planning to retire in France and are wondering how these UK pension plans can be optimised in a French legal and tax environment.
If you wish to minimise the exchange rate risk, there are several solutions available to you; either the International SIPP or the Qualifying Recognised Overseas Pension Schemes (QROPS).
Your goal may also be to protect a surviving spouse.
These choices are made after an in-depth study of your personal situation but also of your SIPPs and other plans.
There are a number of important criteria to consider such as the tax relief that is always possible on an International SIPP, your age, your position on the Lifetime Allowance which amounts to £1,073,100 in 2020/21, the date of your retirement and how to access these funds.
Each family is unique and together we will establish the advantages and disadvantages of the proposed solutions so that your retirement strategy is the best choice for your personal situation. We will then accompany you serenely (peacefully/calmly/comfortably) and effectively year after year.
A divorce is unfortunately a traumatic experience, but also the beginning of a new life which has to be financially organised. In the case of a couple with assets on both sides of the Channel, the separation of assets becomes even more complex.
How are pensions divided in the event of divorce? What about the taxation of cross-border alimony? These are all elements to be taken into account when sharing the couple’s assets.
We bring you cross border expertise and experience at a crucial moment in your life.